9911796707
TMI Blog2024 (10) TMI 1579X X X X Extracts X X X X X X X X Extracts X X X X ..... ents have been perused and verified and only thereafter the assessing officer has come to the conclusion to confirm the income as admitted under the return. These are the issues which ought to have been gone into by the assessing officer. But, those issues are conspicuously absent in the assessment order dated 30.12.2019. The issues that have been found out by the revisional authority with regard to the increase of share premium to the extent of Rs. 14.84 Crores and also the non-disclosing of the source or non-verification of the source if it is disclosed by the assessee with regard to the cash deposits during demonetization period to the extent and also so much of cash deposits in the bank account of the assessee are all the issues which h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 018 admitting a total income of Rs. 64,70,050/-. The case has been selected for scrutiny under CASS. Accordingly, a notice u/s.143(2) dated 10.08.2018 has been issued to the Assessee. Subsequently, notices u/s.142(1) dated 25.09.2019, 10.10.2019 and 18.10.2019 have been issued calling for relevant details. In response to the above notices assessee has filed her submissions. Thereafter, this case has been transferred from Corporate Circle-4(1), Chennai to this Circle vide transfer memo dated 06.11.2019. Thereafter, this office has issued notice u/s.142(1) r.w.s. 129 dated 26.11.2019 calling for further details. In response to the notice, the assessee has furnished details called for. The assessee's submissions were perused and verified w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vision dated 29.03.2022, whereby the assessment order had been set aside and had been remitted to the assessing officer to make a detailed enquiry and pass orders after affording an opportunity of hearing to the assessee. 5. Aggrieved over the said order, the assessee approached the Income Tax Appellate Tribunal in the said I.T.A.No.419 of 2022, which was considered by the Tribunal through the impugned order dated 12.06.2024 and was ultimately rejected. Aggrieved over the said order passed by the Income Tax Appellate Tribunal dated 12.06.2024, this Tax Case Appeal has been preferred by the Assessee. 6. We have heard Mr.S.P.Chidambaram, learned counsel appearing for the appellant assessee and Mr.J.Narayanaswamy, learned Senior Standing Couns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee and what are all the documents which have been filed by the assessee, whether those documents have been perused and verified and only thereafter the assessing officer has come to the conclusion to confirm the income as admitted under the return. These are the issues which ought to have been gone into by the assessing officer. But, those issues are conspicuously absent in the assessment order dated 30.12.2019. 10. Moreover, the issues that have been found out by the revisional authority with regard to the increase of share premium to the extent of Rs. 14.84 Crores and also the non-disclosing of the source or non-verification of the source if it is disclosed by the assessee with regard to the cash deposits during demonetization ..... X X X X Extracts X X X X X X X X Extracts X X X X
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